Doha , an increase
of 100%;
Qatar's private sector exports increased last August, reaching about 1.9 billion riyals (about 522 million dollars) compared to the same month last year 2020, exceeding the repercussions of the Corona virus on exports in the country.
Qatar Chamber issued the monthly economic bulletin for October 2021, which revealed an increase in the value of private sector exports during August 2021, reaching about 1.9 billion riyals, an increase of 10% on a monthly basis compared to last July. Annually, it increased by more than 100%, compared to the same period last year.
Saleh bin Hamad Al Sharqi, Director General of the Qatar Chamber, says that the Qatari private sector exports have been able to achieve significant growth during the last period, despite the repercussions of the Corona crisis, which cast a shadow on the economies of all countries of the world, praising the support that the Qatari private sector enjoys and its ability to overcome the repercussions of The pandemic and its role in the economic development witnessed by the country as a real partner for the public sector in the development process.
Director-General of Qatar Chamber expects private sector exports to grow by 40% this year (Al-Jazeera)
Al-Sharqi expected - in a statement to Al-Jazeera Net - that the exports of the private sector will achieve a growth of no less than 40% during the current year 2021, pointing out that the value of exports during the first eight months of this year amounted to 15.9 billion riyals (about 4.3 billion dollars), which is more than By about one billion riyals on exports for the whole of 2020, which amounted to 14.9 billion riyals (about 4.1 billion dollars).
Economy engine
The Director-General of Qatar Chamber noted that the development of the industrial sector in Qatar is the main driver of the growth of private sector exports, as local industries have witnessed a boom in recent years, and the number of factories last year reached 927, compared to 862 factories in 2019, with a growth rate of more than 7.5%. , with the volume of investments in this sector exceeding 263 billion Qatari riyals (about 72 billion dollars).
According to official data;
The manufacturing industries alone provide the markets with more than 390 products, while there are about 290 products of solid minerals, and more than 175 products in the food industries, which is one of the most important pillars for achieving self-sufficiency and enhancing food security.
Al-Sharqi explains that the main exports of the private sector are aluminum, base oils, industrial oils, industrial gases, chemicals, luterin, petrochemicals, paraffin, iron and chemical fertilizers, explaining that these products reach more than 60 markets around the world.
The value of exports during the first eight months of this year amounted to 15.9 billion riyals (Al-Jazeera)
He added, "India came at the forefront of the list of the most important trading partners, followed by the Sultanate of Oman, then the Netherlands, China and Germany, and the five countries accounted for 67.3 percent of the total private sector exports during August."
The Director General of the Chamber stressed that the growth of private sector exports away from the energy sector, and its increase in its contribution to the GDP, is in line with Qatar Vision 2030, which focuses on the importance of economic diversification and finding new sources of income away from energy, praising the great progress made by the private sector in this framework.
International specifications
For his part, businessman Ali Al-Khalaf said that the Qatari product is required and reliable in foreign markets due to the commitment to international standards and high quality, stressing the need to stimulate and support the private productive sector in the State of Qatar in terms of logistics, financing and direction.
He added, "Other markets must be monitored by the official authorities to clarify the obstacles facing the Qatari product, so that it can live up to the level of great ambitions."